Henkel Raises Sales Outlook Amid Adhesives Unit Strength By Investing.com

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Henkel Raises Sales Outlook Amid Adhesives Unit Strength

Published Sep 20, 2022 19:52

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Henkel Raises Sales Outlook Amid Adhesives Unit Strength

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By Scott Kanowsky

Investing.com -- Henkel & Co (ETR:HNKG_p) has raised its full-year sales guidance, citing strong performance in its adhesive technologies division.

In a statement, the chemicals and consumer goods company said it now expects organic sales to grow by 5.5% to 7.5% in 2022, up from the prior outlook of 4.5% to 6.5%.

Organic sales are also seen expanding by 10% to 12% at its adhesive technologies unit, which provides sealants and coatings to households and businesses.

Chief executive officer Carsten Knobel added that the group is working to pare down the impact of a recent spike in raw material, logistics, and energy costs on income.

Henkel left its expectation for adjusted earnings before interest and tax margin unchanged at 9% to 11%, adding that adjusted earnings per share will also fall between 35% and 15%.

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